Steven Pettit is the Founder and President of IQ Financial Group and IQHSA.com. Read more about Health Care Reform and Health Savings Accounts at IQHSA.com.

(ArticlesBase SC #2270999)

Article Source: http://www.articlesbase.com/ – Health Care Reform – Democrats Admit Premiums to Rise

The New York Times reports Democrats are scrambling in order to avoid the predicted health insurance premium increases that are coming for millions of families as a result of their big government health care Insurance Reform overhaul. Just one month after becoming law, Democrats, “fearing that insurance premiums may well shoot up in the next few years,” are attempting to “repair” the new law that they promised would make health care much more affordable. Sadly, whenever it comes to fixing health care, Democrats almost always depend on giving the government more power and control.

Americans and Congressional Republicans have consistently cited the rising cost of insurance as their number 1 worry associated to health care, but after spending one trillion dollars, cutting Medicare by one-half trillion dollars and increasing taxes by over one-half trillion dollars, the Democrats’ health care reform overhaul law fails to make insurance coverage more affordable. The Congressional Budget Office (CBO) has repeatedly cautioned that the Democrats’ approach would certainly increase health insurance premiums, something the Democrats now realize, as reported by the New York Times. Conversely, CBO predicted the Republican Alternative would in fact reduce health insurance premiums without increasing the deficit, cutting Medicare, or raising taxes.

Impact on Private Health Insurance Market Premiums in 2016 Under Various Democrat Proposals According to CBO

Proposal

Change in Health Insurance Premiums Compared to Present Law Forecasts

Senate Democrats’ Bill (H.R. 3590)*
$2,100 increase in Private Health Insurance Market Premiums

House Democrats’ Bill (H.R. 3962)**
$1,900 increase in Private Health Insurance Market Premiums

House Republican Bill (H.R. 4038)***
$1,050 decrease in Private Health Insurance Market Premiums

President Obama asserted that under the Democrats’ scheme, “you are likely to be capable to receive lower costs.” The President and Congressional Democrats also promised under the new law seniors’ Medicare would be unharmed, middle class taxes would not go up and the law would likely not increase the deficit. In the rush to score a political win, what else weren’t the Democrats being forth-coming concerning health care reform?

Retrieved from “http://www.articlesbase.com/medicine-articles/health-care-reform-democrats-admit-premiums-to-rise-2270999.html”

(ArticlesBase SC #2270999)

Steven Pettit -
About the Author:

Steven Pettit is the Founder and President of IQ Financial Group and IQHSA.com. Read more about Health Care Reform and Health Savings Accounts at IQHSA.com.

]]>

Rate this Article

1
2
3
4
5

vote(s)
0 vote(s)

Feedback
RSS
Print
Email
Re-Publish

Source: http://www.articlesbase.com/medicine-articles/health-care-reform-democrats-admit-premiums-to-rise-2270999.html

Article Tags:
health care reform, private health insurance

Health Care Reform – Democrats Admit Premiums to Rise

Leave a Reply Cancel reply